COTE D'IVOIRE OFFERS LARGE TRACTS

Cote d'Ivoire has opened an international bidding round for production sharing contracts (PSCs) on three blocks that lie mainly in the Gulf of Guinea. Qualified offers resulting in PSCs signed before Apr. 30, 1994, will be allowed special incentives designed to speed oil and gas development. The tender is part of a plan through which Cote d'Ivoire hopes to encourage domestic economic growth by stimulating enough oil and gas production to become energy self-sufficient.

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